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CNN
Jan 1, 2013 3:00am PST
>> no rest for lawmakers as a late night deal is reached in the senate on the fiscal cliff. but the u.s. still poised to go over the cliff. >>> but even as the country rang in the new year the deadline for that deal was passing. what happens next for lawmakers? and what impact is it going to have on your wallet? >> also we're learning new details about secretary of state hillary clinton's blood clot in her head. we'll have the latest on her treatment. and her prognosis. >>> happy new year. >> happy new year. >> good morning, welcome to "early start" everyone. i'm john berman. >> i'm ali velshi. >> and i'm christine romans. zoraida is off today. it is 6:00 a.m. right now on the nose. well 20 seconds away. >> and breaking news. can you feel it? we're actually over the fiscal cliff. so, now it's up to the republican-controlled house to pull us back. here's what happened while you were sleeping, or sleeping or dg else. a deal crafted by vice president joe biden and minority leader mitch mcconnell passed the senate by a margin of 89-8. that vote wrapped up after 2:00 a.m. eastern time. t
RT
Jan 2, 2013 11:00pm EST
fiscal cliff but not before we the fish we fall off the cliff just two hundred so just. your charger meaning it is now the house where. you are dear smart viewers i'm sure already know about the deal congress reached then that it leaves lawmakers wrangling again in a couple months over the debt ceiling and the spending cuts that they delayed but when it comes to the reported six hundred billion dollars over ten years in new revenue this deal is said to raise never mind the new deficit that creates what does that kind of money by any way we have a reality check plus why is the government involved in keeping the price of milk was no part of the fiscal cliff deal involved of burning what some have dubbed a dairy cliff we'll discuss and wall wrong cliffs we have five phrases we'd like to retire this year that's them loose change let's get to today's capital account. so the fiscal cliff has been averted kind of by a deal that pushes more wrangling into this by a few months so i'll save you the play by play of the twenty four hour cable network news that we are hearing and will continue to
FOX
Jan 6, 2013 10:00am PST
>> john: i am john roberts in for chris wallace. if you think the fight over the fiscal cliff was tough stay tuned for bruising round twompt from automatic spending cuts to raising the debt ceiling and paying for uncle sam to at a open, the battle battle lines are how will that fight play out. we'll ask two key congressman. van hollen and jim jordan. he's's new man in town with a message that champions opportunities. will the party establishment listen. we'll get a fresh perspective from senator ted cruz. from spending to immigration and gun control debate, will the new congress get past the toxic partis an shepto get things done for voters. we'll ask the sunday panel to read the political teleaves all right now on "fox news sunday". hello again from fox news in washington. after side stepping the fiscal cliff, the country faces a triple threat of greater scale . at stake government spending cuts and full faith and credit of the united states. with bruises fresh from the last dust up early jabs are already flying. joining is democratic chris van hollen and republican jim jordan. s
PBS
Jan 8, 2013 6:30pm PST
the fiscal cliff and now the debt ceiling and then probably the next one. we need to continue to generate confidence. and if we do that, i think we will have nice markets here, automotive being one of those in the u.s. aerospace, very important. we could see, also a rebound in the building and construction market. >> susie: you mentioned the word confidence, and the word that we mostly hear from any business companies, they use the word concern. you've heard this all the time. how does that impact alcoa. how does it impact your order? >> well, it impacts them -- for instance, let's go to the smaller medium business owners in the truck business. all right? where we saw they have pretty much been cancelling orders in the last year, and it has been coming down. there was a little blip in the fourth quarter because they saw the tax credits would be running out, and that's why they ordered again. but i saw people reading the news and watching tv, and they ask themselves, do i invest in my business or do i not? the average age of the fleet that they hold is older than it ever was. 11 y
CNN
Jan 1, 2013 9:00am PST
controlled -- the house, rather, convening this hour for the fiscal cliff negotiations. now vice president joe biden, he is heading to the hill for talks with the house democrats. this is a critical moment for the country. talking about 12 hours after the deadline for the government action has passed. the senate okayed a deal wee hours of the morning, prevent middle class income taxes from going up but raise rates on income of more than $400,000 a year for individuals, more than $450,000 for couples. now, unemployment benefits for 2 million americans would be extended for a year. what it does not address is the spending cuts. lawmakers plan to revisit the difficult issue. that is delayed two months from now. going to bring you all angles of the story here. of course following this, every single move. dana bash on capitol hill, jessica yellin at the white house, christine romans live from new york and alison kosik in new york, hearing from folks in a diner. dana, you were up really late into the night, early into the morning here, there is more business to be done and we know at t
KRON
Jan 2, 2013 6:00am PST
passed by the senate that keeps the country from going over the fiscal cliff. we will have details coming up. >> the bay area is waking up to cold temperatures this morning. we will have team coverage all around the bay area this morning. >> we are at 28 degrees and san rafael. we have been around this number for the past hour. we did start out at 26 degrees. we did he go for about two degrees. a lot of people are headed back to work this morning and that will have to use their ice scrapers. the offer is one in that you talked about as an affect on tel 9:00 a.m.. >> you will need your scarf and some hot cocoa. there is no wood and burning allowed today. we are at 27 degrees in fairfield. we are same low 40's for the east shore line. redwood city is waking up to temperatures of the upper 30's. we do have winter weather advisories through 9:00 a.m.. as we head into afternoon the temperatures will be a little bit warmer that yesterday. i will break down the numbers and talk about the extended forecast coming up. >> more now on the developing news this morning. will tran is in the inland vall
Current
Jan 3, 2013 3:00am PST
fiscal cliff fight that he just reneged on the people of the northeast who needed help from hurricane sandy. one more here. mary is calling from atlanta georgia. what do you say? good morning. >> caller: good morning, bill. >> bill: hi, what's up. >> caller: your previous caller, arthur, mostly had it nailed. my take was that i don't think boehner could have gotten the expenditure through without some form of offset. i think he had a feeling or fear that the tea party is in the house -- the tea partiers in the house would have voted against it and therefore it would have had democratic support and maybe some republican support and he would not have looked good. >> bill: yeah. that could be. there's certainly some tea partiers saying two things. first that they didn't think there was sufficient -- they hadn't seen sufficient evidence that these people needed help. i don't know what planet they've been living on. the second point you make is we may give this money but only if we can cut the same amount of money somewhere else like out of medicare or social security. which they always tr
PBS
Jan 3, 2013 1:00am PST
americans return to work from the holidays, they might breathe a little easier knowing the fiscal cliff isn't happening. but the deal on the president's desk doesn't end the debate. in fact, it sets the stage for a bitter first quarter fight. the bill does add some certainty to this year's tax rates, by permanently extending bush-era tax cuts for people making less than $400,000 per year and couples making less than $450,000. it also staves off the sequester- that package of sharp federal spending cuts- for two months. but let's look at what the deal doesn't do. it doesn't take the sequester off the table completely, and it doesn't raise the debt limit. they'll both have to be resolved in february and march. >> it just, to me seems like we're going to have another acrimonious debate just like we had on the fiscal cliff this time, and just like we had on the debt limit in 2011. >> reporter: just last night the president warned congress that he won't negotiate on the debt limit. >> the one thing that i think hopefully in the new year we can focus on, is putting a package like this together with
PBS
Jan 2, 2013 4:30pm PST
reach a tax deal on the fiscal cliff. >> susie: i'm susie gharib. many wall street analysts and economists warned clients about the coming debt battles in washington. we talk with maya macguineas, director of "fix the debt". >> tom: will the deal jump start spending, now that americans know their tax rates? we get the outlook for business and consumer spending. >> susie: that and more tonight on "n.b.r."! >> tom: a small deal to avoid the fiscal cliff brings a big rally to wall street. awaiting president obama's signature tonight is an agreement not to raise taxes on most americans. even though hard decisions on government spending cuts were put off, the deal over tax rates ushered in a 308 point rally for the dow jones industrial average. but as sylvia hall reports, the new session of congress beginning tomorrow faces some big decisions very soon. >> reporter: as americans return to work from the holidays, they might breathe a little easier knowing the fiscal cliff isn't happening. but the deal on the president's desk doesn't end the debate. in fact, it sets the stage for a bit
NBC
Jan 1, 2013 11:00pm EST
house of representatives has just voted on the fiscal cliff. let's take a live look at the house floor right now. the final vote was 253 to pass this measure preventing us from falling off the fiscal cliff. it only needed 217 votes to pass. 84 republicans so far have voted yes, along with 117 democrats -- 171 democrats. last night, america fell off of the cliff at midnight. that meant we went into this package of deep spending cuts. and tax hikes. it essentially went into effect. but the house of representatives just did is a green light to a bill that the u.s. senate passed in the very early hours this morning that would roll back those tax hikes for most of the middle-class. it would hike tax for the rich and delay those massive spending cuts for 2 more months. the house just approved it now. our reporter has been following all this for us. he is live on capitol hill. >> good evening from capitol hill. now the vote continues in the house but by at least 40 votes. the fiscal cliff fix, put together by president obama was senate republicans, has passed the house. conservatives fi
ABC
Dec 31, 2012 11:00pm EST
. country prepares to welcome and -- welcome in a new tor, time is running out avoid the fiscal cliff. news of an agreement between the came inuse and senate last 90 minutes. we have been following the twists and turns. this does not mean that a deal done, right? >> it has been reached behind closed doors. we are at 0 hours. 58 minutes until we go over the fiscal cliff. there has been a lot of light breaking developments. deal has beena reached that would stop the big that would be enacted across the board if we over the fiscal cliff. this is a live picture from the capital. been a flurry of activity tonight. this still addresses some of the about to happen -- the deal addresses some of to happen asbout well. the vice president walked past d was asked if a deal had been reached. here's what happened. >> happy new year. >> do you have a deal? >> happy new year. >> happy new year. he would not answer the question. that he was smiling is taken as a good sign. e deal that has reportedly reached keeps taxes the every one making $450,000 or less. it also appears this avoids the to defense and oth
CBS
Jan 2, 2013 4:00am EST
bills that they've already racked up. >>> while markets react positively to the fiscal cliff deal, and wall street is poised for a big day. but how else will the agreement affect your wallet? >>. >>> and a rose parade reunion. an american soldier home from afghanistan surprises his family in front of thousands of spectators and millions watching at home. captioning funded by cbs >>> this is the "cbs morning news" for wednesday, january 2nd, 2013. good morning, everyone. i'm terrell brown. >>> the economy avoided the fiscal cliff but just barely. the house late last night passed the senate bill that avoids the tax hikes and spending cuts expected to start this year. they raised the incomes of those over $400,000. it raises taxes on the portions of estates that exceeds $5 million, long-term unemployment benefits have been extended, and across-the-board spending cuts have been put on hold for two months. tara mergener is in washington with more. tear are, good morning to you. >> good morning, terrell. the standoff over the fiscal cliff is finally over. many house republicans and even some
FOX News
Jan 6, 2013 11:00pm PST
now and we promise, we promise we will get the cuts. that is exactly what the fiscal cliff deal was. they got revenue now. no cuts in there. the same old same old. i tell folks back home all the time, remember, this is promises from politicians. it is not a promise from your parents or your pastor or your priest. it is politicians saying give us some revenue and we promise we will get to the balanced approach later and promise we will cut spending later. mitch mcconnell is exactly right. they just got revenue. we have to cut spending. we have a $16 trillion debt. the credit card is maxed out. we have to cut spending. he is exactly right. let's focus on the problem which is this government can't control spending. we have to get control of it. >> we spoke at length during the campaign when you were the president's point person on the budget and you repeatedly stated and said it again this morning simpson bowles is is the model and you have to have revenue and spending cuts. >> that's right. >> we got the revenue. we got a tiny tiny spending cut along with the fiscal cliff deal. where
KRON
Dec 31, 2012 5:00pm PST
>> next at 5. over the cliff we go. with lawmakers and even the president saying how close a deal is.they will not meet the midnight deadline to avoid the fiscal cliff. we'll tell you what that means for you. plus, kron 4 is your new year's eve headquarters.live, team coverage of celebrations around the bay area and the world.next. on new year's eve, little reason to celebrate on capitol hill as congress sends the government over the fiscal cliff. at least for now. the president expressing his frustration at the partisan deadlock over spending cuts and taxes. >>> with this congress, that was obviously too much to hope for at this time. >> reporter: the senate is still expected to vote on the package tonight. but the house has adjourned until noon tomorrow. kron four's dan kerman is here to tell us how this all unfolded and what going over the cliff means for many americans. >> reporter: the house's decision to delay the vote means unemployment checks for 12 million americans could stop or atleast be delayed. it could also mean that federal workers could be furloughed. >> it could also lead to layoffs of private sector employees that sell goods and s
CNBC
Jan 2, 2013 9:00am EST
. the futures are surging on the news that the fiscal cliff has been averted. welcome to "squawk on the street." i'm melissa lee. first trading day of the new year, poised to begin in rally mode. keep in mind, this is off of the big rally we saw on friday pre-cliff. the biggest gain we saw in the month of november across the board. this, of course, as congress takes measures to avoid the fiscal cliff. take a look at this. this is something you don't see too often on wall street. the dow looking at about 202 points at the open. look at the picture over in the european markets. the optimism has carried over there as well. the dax is higher by 2%. italy up 3.5%. but of course, jim, what a two-day streak of gains we will see here on the market. >> i think that we're set up to go higher. i also want to caution -- i don't like to buy up 2%, 3%. that's never been a terrific way to get the year started. there's a lot of money coming in. i do want to be optimistic about 2013, because i felt that what was going to happen was capital gains could go up more, defense could go up a lot more. i wa
CBS
Jan 1, 2013 4:00am PST
ago it overwhelmingly passed a bill to avert the fiscal cliff. now president obama is calling on the house to pass the bill without delay. the bill stops most of the tax hikes and spending cuts that were to kick in at midnight. tara mergener is in washington with more this morning. tara, good morning to you. >> reporter: good morning, terrell. well, a deal is now on the books to avert some of the impact of the fiscal cliff which technically we have gone over. now it is up to the house. in the early morning hours of new year's day, the senate began voting on a bill to avoid the so-called fiscal cliff. >> the bill as amended is passed. >> reporter: the senate voted 89-8 to avoid tax hikes for 99% of all americans. >> this shouldn't be the model for how we do things around here. but i think we can say we've done some good for the country. >> r if the bill eventually becomes law, the bush era tax cuts will be permanently extended for everyone making less than $400,000 a year. and families making less than $450,000 a year. it will also keep the alternative minimum tax for the wealthy from
RT
Jan 4, 2013 7:30am EST
our t.v. producer. well guys we did it we've managed to nose dive off the fiscal cliff and in case you're living under a rock in the last month this is what you. are going down to the wire with the breaking news from capitol hill talks at a standstill makers taking us right to the edge of the fiscal cliff every american see their taxes go up when that ball drops and the reality though is that we're twenty four hours away from reaching this fiscal cliff is there anything that can really be done in that period of time now we're definitely headed toward the fiscal cliff and we begin with breaking news a major development overnight in the effort to pull the nation's economy back from the fiscal cliff this morning a bill to avert the fiscal cliff awaits president obama's signature around eleven o'clock eastern time last night the republican led house gave final approval to a bipartisan deal from the senate that you know. jack says you waited twenty years for this on the wealthiest americans two thousand and thirteen start off with a bang in our nation's capital as lawmakers rammed throu
CNN
Jan 5, 2013 10:00am PST
enough, by march 1st we could be heading off the sequester cliff. that's because the fiscal cliff deal that passed last week put off what to do with government spending for two months. blanket cuts are still mandated by law to take effect unless both parties can agree to more targeted cuts. governments will target entit entitlements like social security and medicare. democrats will stand in their way. the gop will then use the debt creeling to bang on the heads of democrats to try to get their way on cuts. but if washington gets to march unscathed, there is a potential budget cliff to look out for. the current bill funding most of the federal government runs out on march 27th. by then it will be four years since the last actual complete budget was signed into law. look for lawmakers to extebld it again through another so-called continuing budget resolution. now, this continues, we stand the possibility of another debt downgrade and higher borrowing costs. washington can't agree on anything except for last-minute tax deals after 518 days of grandstanding. this is no way to run the u.s.
MSNBC
Jan 2, 2013 10:00pm PST
last word" with lawrence o'donnell, have a good night. >>> so as expected we went off the cliff. less than 24 hours. >> the ayes have it, accordingly, the house stands adjourned. >> with 58 minutes to spare, congress averted the fiscal cliff. >>> nobody is celebrating this morning, but the deal is done. >> the tax issue has been resolved. >> the house approved. >> john boehner got rolled. >> john boehner has had permanent damage done to him. >> john boehner walked past harry reid and said go blank yourself, and then bragged about it. >> does he even want this job anymore? >> one long national nightmare is now finally over. >> the debt ceiling. >> the debt ceiling is coming. >> no. >> the sequesters are coming. >> cue the next countdown clock. >> i will not have another debate with this congress. >> house republicans see it as a trump card. >> they should pay the bills they have already racked up. >> while they approve this deal to avert the fiscal cliff. >> last night the house of representatives failed. >> there was no deal to send money to the victims of hurricane sandy. >> lawmakers from new jersey were angry. >> last night it was my party responsible. >> they are leaving this party without help. >> congress. >> congre
FOX Business
Jan 2, 2013 1:00pm EST
lori, and it was not pretty, but we have a deal to avoid the fiscal cliff. stocks absolutely soaring, the dough up 22 # 2 now, biggest first day of the year gains in at least five years, all 30 dow stocks, in fact, trading higher. >> but, no matter what the income level, your taxes are going up. i don't know if you realize that. peter barnes continues his look at just how much more it is going to cost you. >> just talk about this, a congressman joining out on the congress wheeling and dealing and preparations for the next cliff. the debt ceiling two months from now. >> automatic spending cuts delayed until march as well. what's that mean for defense stocks? that's just ahead p. >> the industry setting up to get really pummeled if they don't doing do something about sequestering. back down to the floor of the new york stock exchange, happy new year, first time seeing you, nicole. what's the word on the floor this morning? a lot of optimism. >> happy new year to you as well. a lot of optimism, positive stocks here, up arrows, vix, fear insex, and five year low, you're seeing deals movi
FOX Business
Jan 2, 2013 7:00pm EST
seems they know what. that is my "2 cents more." coming up tomorrow, the fiscal cliff deal worked out on capitol hill. piece of our financial problems. tomorrow steve forbes to talk about that. that's it for tonight on "lou dobbs tonight." have a great night. lou: good evening, everybody. the last-minute fiscal cliff steel locking in bush-era tax rates for most of america, but that deal still results in a tax increase for nearly 80 percent of america while adding up to $4 trillion to the national debt the deal ensures that more than 120 million tax filers will see some sort of tax increase over the coming year. your not hearing a lot about that. well, you will hear tonight. the president damning repeatedly throughout the campaign and the lame duck congressional session that his stance was all about protecting the middle class with the expiration of the payroll tax holiday. there were not scared. the 2% increase taking nearly a thousand dollars out of the pockets of the typical family per year, spending cuts$75,000 virtually ignored in the final deal. according to congressional budget off
FOX Business
Jan 3, 2013 1:00pm EST
fiscal cliff. yesterday the markets were euphoric, but today not so much. now it is all about tomorrow's critical monthly job numbers. melissa: victims of hurricane sandy still waiting for answers from washington. the congressman who represents the jersey shore will join us on that one. lori: an update on the stock market as we do every 15 minutes, let's check in with nicole petallides. dollar store under a great deal of pressure today, why is that? nicole: they came out with numbers that were disappointing, and with that we have seen the stock down 11, 12% throughout the day. down $7.53. but basically they are not making the margins on the high margin items. instead they're having to sell a lot of consumer bulls and they just don't make as much on those particular items so as result family dollar stars under significant pressure. a nice 10-year chart. it had a nice run-up, but still selling off significantly today. we're getting two jobs numbers, weekly jobless claims somewhat disappointing. adp little bit better, and tomorrow is the monthly jobs report and that will be so key. holding
FOX Business
Jan 1, 2013 12:00am EST
crowd getting ready to jump off the fiscal cliff and welcome 2013. >> five, four, three, two, one! ♪ adam: and a happy new year, everybody. 2013, and that sound you hear is your taxes going up. rich edson, minimum for most americans taxes will go up a minimum $1000 depending on how much you make, correct? >> that is right. depending on whether or not the senate and the house can pass this deal is leadership has agreed to. what you have got now are essentially broad-based tax hikes. the questions we're getting over the fiscal cliff, technically we are in this gray area riggt now where administratively puts things off because we do have an agreement on legislation. still has to go through the house and the senate at this point, but technically speaking here we are over the fiscal cliff. adam: $620 billion in new tax hikes, this will not taste good later this morning republicans in the house. we'll have to consider this next. rich: he still has to sell this thing. the publicans in the house if they don't come along on this thing, they will be the ones who have gone back on a deal.
CNBC
Jan 2, 2013 4:00am EST
>>> with a late night vote the u.s. house passes a bill to avoid the fiscal cliff, but president obama warns us he doesn't want to go to the brink in the next fight over the debt ceiling. >> i will not have another debate with this congress over whether or not they should pay the bills that they've already racked up through the laws that they passed. >>> the budget deal boosts asian stocks in hong kong and australia hitting 19-month highs in the first trading session of the year. >>> european equities also share a deal out of washington despite more gloom from the eurozone. manufacturing has continued to contract according to the latest pmi. >>> okay. 2013, a warm welcome to viewers of "worldwide exchange." my special families to a family called the wards. thank you for hosting my family over the new year. personalities out of the way, eurozone, still looking glum despite the market reaction to the fiscal cliff deal this morning. to recap, the eurozone december following manufacturer pmi, 46.1, the flash was 46.3. the final output index, 46, weaker than the 46.1 flash, 46.1 in de
FOX Business
Jan 6, 2013 2:30am EST
check. >> i am not donate as much in 2012 because of what happened when the fiscal cliff deal. he's one of many who said i will pull back. >> i think what is ignored in all of this is the result of charitable giving. they are people who feel they have obligation are not encouraged by this . the result of wt charities do is the substitute of the government doing it. it is it a big way to give back to the poor or sick than the federal government. that is it the real problem with i cuts out people who do it best. >> john, this is a figure here coming from the news depigist. 7 billion less in charitable donations. going to these nonprofits because of the fiscal cliff deal. is that too big or small of a number. >> i think the number is more. there is no question in my mind that the so-called deal hurts the poor. not because of charitable deductions. but they raised taxes. 77 percent of the households will see the tax bill. rich get hit. but it means less mon tow give. but less money to invest. people don't give to charity because of a tax deduction . unfortunately higher taxes hurts the rich
ABC
Jan 2, 2013 6:00am PST
the fiscal cliff. 85 republicans joined democrats to pass the legislation. the bill raises taxes on individuals earning more than $400,000 a year and extends unemployment benefits. however, the measure also delays addressing spending cuts for another two months. >> no spending cuts. we're adding $4 billion a day to the debt. what we are really doing is raising taxes to give the president more money to spend. >> katie: despite the bill, most american workers will see paychecks shrink in 2013 because we'll be paying 2% more in payroll taxes. >> new york area lawmakers are furious that the house abandoned a vote on aid for victims of super storm sandy. senate had proved a $60 billion measure on friday to help recovery from the storm that devastated parts of new york, new jersey and nearby states. a house committee has drafted a smaller $27 billion measure but the house vanished last night without taking up either proposal. if the house doesn't take action before congress term ends tomorrow any vote will have to wait until the end of january. >>> we're learning new information about a n
CBS
Jan 1, 2013 5:00pm PST
house republicans have drawn a line in the sand, but the brokered deal to avoid the "fiscal cliff" is still in jeopardy. cbs reporter danielle nottingham on what's holding things up now. danielle. >>> reporter: good evening. this isn't revolved yet. speaker john boehner gave them a choice to vote on the senate passed bill or amend it with more spending cuts and we are just getting word now from leadership aides that it's looking like they will vote on the senate's bill. how gop members left closed- door meetings with no agreement to pass the senate's "fiscal cliff" bill. the sticking point for many republicans, the senate version does not cut enough spending somewhat what we're really doing is raising taxes to give the president more money to spend. we think that's a bad idea. >> reporter: republican majority leader eric cantor told supporters he did not support the bill in its current form. do you personally oppose the bill? >> i do not support the bill. >> reporter: the senate agreement postpones harsh across-the-board spending cuts for a few months. it also makes bush-era tax cuts
FOX
Jan 2, 2013 12:00pm PST
the fiscal cliff for now, but more debates are expected in the coming weeks. the deal passed last night would raise taxes on households making more than $450,000 or more a year and individuals making $400,000 or more. but congress pushed off deep government spending cuts for two months and the country is hitting the debt ceiling. >> three set up three more fiscal cliffs. we are gonna look back on this night and regret it. >> president obama rejoined his family in hawaii this morning. the white house had no immediate details when the president will receive and sign the bill. >>> well, stocks are sharply higher due to the fiscal cliff deal but some market watchers are cautioning that the euphoria could be short-lived because of the many challenging issues that remain unresolved. the dow is slightly off, but remaining up more than 200 points. it's up now 235 at 13,339. well, despite the fiscal cliff deal, everyone's paycheck will still be at least a little bit smaller this year. ktvu's janine de la vega is in los gatos to explain about the end of the payroll tax holiday. >> reporter:
FOX News
Dec 31, 2012 4:00pm PST
a lot of moving pieces on capitol hill with those words fiscal cliff. special 8:00 p.m. "special report" with all the updates to the fiscal cliff. all the coming and going, vice president biden heading to the hill, the negotiations. we're going over, folks, but we'll have it covered, fair, balanced and unafraid. >> trace: i'm trace gallagher in for shepard smith it looks like we will go over the fiscal cliff at midnight. economists have been warning us the combination of tax hikes and spending cuts could cause another recession. now, president obama and the senate republican leaders say they are close to a deal to prevent tax hikes on the middle class. the trouble is, the house has gone home and won't be voting on anything tonight. >> for now, our most immediate priority is to stop taxes going up for middle class families starting tomorrow. i think that is a modest goal that we can accomplish. >> we all want to protect taxpayers, and we can get it done now. right now. >> trace: officials tell fox news agreement would let tax cuts expire on $450,000 instead of the president's cut off $250,000. extend unemploy
MSNBC
Jan 1, 2013 7:00am PST
fiscal cliff deal. as if your hangover isn't bad enough, time is running short for the house to act. we're just two hours away from speaker boehner reconvening that chamber to do what? we still don't know. maybe they'll vote. maybe they'll debate. good morning. i'm mara schiavocampo. happy new year on a busy first day of 2013. well, most of us were celebrating into the wee hours of new year's eve while the senate was passing a deal to avoid the worst of the fiscal cliff hangover. the bill passed by a wide margin 89-8 setting up a showdown in the house which will convene at high noon on this new year's day. republican mitch mcconnell said the process wasn't pretty but got the job done. >> each of us could spend the rest of the week stusing what a perfect solution would have looked like but the end result would have been the largest tax increase in american history. it took an imperfect solution to prevent our constituents from a very real financial pain. in my view, it was worth the effort. >> nbc's luke russert is live on capitol hill. good morning. happy new year to you. >> good mo
CBS
Jan 2, 2013 7:00pm EST
reach a tax deal on the fiscal cliff. >> susie: i'm susie gharib. many wall street analysts and economists warned clients about the coming debt battles in washington. we talk with maya macguineas director of "fix the debt". >> tom: will the deal jump start spending, now that americans know their tax rates? we get the outlook for business and consumer spending. >> susie: that and more tonight on "n.b.r."! >> tom: a small deal to avoid the fiscal cliff brings a big rally to wall street. awaiting president obama's signature tonight is an agreement not to raise taxes on most americans. even though hard decisions on government spending cuts were put off, the deal over tax rates ushered in a 308 point rally for the dow jones industrial average. but as sylvia hall reports, the new session of congress beginning tomorrow faces some big decisions very soon. >> reporter: as americans return to work from the holidays, they might breathe a little easier knowing the fiscal cliff isn't happening. but the deal on the president's desk doesn't end the debate. in fact, it sets the stage for a bitt
KICU
Jan 3, 2013 4:00am PST
fiscal cliff and investors jump into the market. in today's cover story, whose taxes are going up and why every american will wind up with less money in thier paychecks this year. plus, a banner year at the box office for 2012. we name the films that could earn the biggest bucks in 2013. also, is now the time to gamble on casino stocks? and americans get set to plug into supersized tvs. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's thursday, january 3rd. i'm angela miles. in today's first look: the stockmarket's fiscal lift. in the largest one-day move since december 2011, the dow soared 309 points wednesday after lawmakers agreed on a deal to avert falling off the fiscal cliff. the 113th session of congress begins today at noon on capitol hill. 2012 was a tremendous year for the wealthy. the richest people in the world added $241 billion more to their collective net worth and buger king is playing a game of chicken with mcdonald's. instead of chicken strips, bk is testing sales of chicken nuggets.
CNN
Jan 2, 2013 4:00am PST
fiscal cliff. many lawmakers say they saw no choice. >> if we don't pass this tonight, we are looking at $4 trillion tax increase and we are looking at financial chaos. >> the middle class spared from major tax hikes and spending cuts, but there is still the issue of the debt ceiling, and the president has a stern warning for kopg. >> i had not have another he at the badebate with congress on whether she thud pay the bills on the debt they stacked up. >>> a packed two hours ahead. joined by steve israel. marsha blackburn, jen psaki, president obama's traveling press secretary, and diane swonk and connecticut attorney irving pinsky. >>> wednesday, january 2 know, starting point begins right now. > >>> our "starting point," what on earth just happened? financial markets up, but it took one fractured vote to make it happen. let's recap. late last night, the house of representatives passed the senate's fiscal cliff bill. the final tally, 257-167, and while 151 republicans voted no, it is worth noting its speaker, john boehner, voted yes, so did paul ryan, by the way. here is the deal that took over 500 days to seal. no tax hikes for couples earning less than $ 450,000
CNN
Jan 2, 2013 6:00am PST
, happening in "the newsroom" dodging the fiscal cliff crisis for now. with all of the talk about spending less why are lawmakers giving billions to businesses that are already thriving? we'll show you who is cashing in. >>> party crashers, republicans split over the tax deal and the core values of the gop and that strained unity faces a bigger test as a new deadline looms over spending cuts. >>> while the gop licks its wounds, wall street gets ready to celebrate. u.s. stocks set to open higher as markets around the world trade higher on the deal. >>> and they told us to basically drop dead. that's how one new yorker is reportedly characterizing the house after ending the session without sending any sandy relief to the northeast. >> everybody played by the rules, except tonight, when the rug was pulled out from under us, inexcusable, indefensible. >> "newsroom" starts right now. good morning, i'm victor blackwell sitting in for carol costello. 11th hour drama, congress swerves away from the dreaded fiscal cliff, but on this morning after the enthusiasm is tepid at best and the ang
CSPAN
Jan 5, 2013 2:00pm EST
you should really do in order to engage washington and the national media is applied to the fiscal cliff. i thought to myself, at the reagan library, what better place to go back to first principles. since i have written three novels about george washington, why not leave these two giants, ronald reagan after whom the soviet empire disappeared and george washington. after whom we became a country. i don't study history because it's an interesting habit. i study history to better understand the present and the future so that i can engage in making history by being an intelligent and informed person. that's what citizenship ought to be. what are some of the lessons? let me start with the fiscal cliff. how many of you have heard the term fiscal cliff? [laughter] in washington it will be seen as heretical. i am proud of a number of things that make no sense in washington. there is no fiscal cliff. this is absolute and total nonsense. the best way to understand what happens to all that to read a great essay by thomas wolfe. this goes back to the 60s when he first broke it. now, he is trying to d
RT
Jan 2, 2013 8:00pm EST
despite months of wrangling the us went off the fiscal cliff when the new year old arrived the congress finally reached a deal they claim is good for the country is it really though we'll dive into the last congress just passed to see who are the real winners and losers. and it was a massive superstorm that caused billions of dollars in damage to new york and new jersey before the one hundred twelfth congress came to an end and the house g.o.p. delayed a vote on hurricane sandy relief so what does this mean for states and the residents that are left in the dark by their own government. and the pentagon has a problem the u.s. relies on drones to conduct warfare around the world now they've launched a sixteen million dollar effort to prevent high tech flying machines from being tapped so how serious of a problem is this for the u.s. drone program. it's wednesday january second eight pm the washington d.c. meghan lopez if you're watching r.t. . all right topping the news tonight well they've done it in literally an eleventh hour deal the u.s. house of representatives passed a fisc
RT
Jan 9, 2013 5:30am EST
just a little bit touch on the fiscal cliff and then we will move right past it we didn't go off it exactly still more deal making to come in in a few months on the debt ceiling and on those spending cuts that they pushed off in terms of the sequester ration that was supposed to go through we do have some tax hikes we do have some permanent bush tax cuts i don't know what's your take away on this deal. are. older so basically. really been a problem. people . were going to get something in the range maybe a little more. is that. i think that. the problem among. your lot. all. right. a lot of. what the law maker is what the deal did manage to do is help lawmakers avert headlines today of markets plunged honor their points on lack of fiscal cliff deal but as you said the actual meeting is really nothing to write home about so let's talk about something more interesting any time these kind of discussions come about about the fiscal cliff or or whatever it may be even we're talking about prescriptions for the economy we hear plenty of ideas about what it takes to stimulate the economy ou
CNN
Jan 2, 2013 2:00am PST
and passes a late night fiscal cliff deal. this morning we have the winners and losers for you. >>> delicate condition. that's the word on hugo chavez's health this morning. their people told to pray for their president. >>> sure, why not. thousands take an icy plunge all for a good cause. have you ever done that? >> never. i've considered it. >> on the list of things i will never do. >> good morning, everyone. welcome to "early start." john berman will stop by later. it is 5:00 a.m. in the east. >> up first, back from the bottom of the fiscal cliff, at least for now, millions of taxpayers and small business owners can exhale this morning sort of because late last night, the house passed a senate bill that temporarily brings you us back from the brink. the final tally, 257 for, 167 defense. it's interesting to note that while some top house republicans voted no, speaker john boehner voted yes. and here's what the deal means for you. no tax hikes for couples earning less than $450,000 a year. itemized deductions capped for couples making over $300,000 a year. unemployment benefi
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